India Lithium Hydroxide Market (2025-2031) Outlook | Value, Forecast, Growth, Size, Share, Analysis, Companies, Industry, Trends & Revenue

India Lithium Hydroxide Market Synopsis

India is the world???s second-largest producer of lithium hydroxide and has emerged as an important supplier of this chemical compound. Lithium hydroxide is a white solid inorganic compound used mainly for softening hard water by increasing its alkalinity. Its applications include glass manufacturing, aluminum production, ceramic glazing, wastewater treatment, and battery making. India abundance of natural resources allows it to supply quality lithium hydroxide at low costs and create export opportunities for global customers.

Market Drivers

The growth of the India lithium hydroxide market is primarily driven by its use in the manufacture of batteries for electric vehicles (EVs). The Government of India aims to increase EV sales to 30% or more over the next decade through policy measures such as subsidies on EVs and incentives like tax rebates & exemptions. This will result in increased demand for lithium hydroxide from manufacturers producing EV batteries. Additionally, rising government initiatives encouraging sustainable energy sources are also likely to contribute towards growth in the India lithium hydroxide market during the forecast period.Furthermore, increasing demand from industry sectors such as coating materials & adhesives along with lubricating greases would further boost market growth prospects over the coming years till 2025F.

Challenges of the Market

One major challenge facing the India Lithium Hydroxide Market is environmental concerns regarding extraction processes used while mining which can lead to various forms of pollution such as air pollution & water contamination. Moreover, high investments needed by producers for innovative methods involving recycling techniques could limit large-scale expansion plans due lack of available capital funds leading small players unable to afford these technologies to restrain product diversification efforts across the nation.

Key Players in the Market

Major companies operating in India Lithium Hydroxide Market Include Gujarat NRE Coke Ltd., JMC Projects (India) Pvt Ltd., Torrent Pharmaceuticals Ltd., BASF SE, Aditya Birla Chemicals, Ashok Leyland Power Solutions Pvt Ltd among others. These firms largely focus on optimizing cost efficiency via strategic collaborations with local suppliers aiming for improved quality and consistent operations across the competition landscape.

COVID-19 impact on the market

Due to the COVID-19 pandemic, India lithium hydroxide market is facing major challenges. The lockdown has severely disrupted the supply chain of raw materials for lithium hydroxide production in India and caused delays in production and delivery timelines. Additionally, due to weak demand from end-user industries such as consumer electronics, automotive, energy storage systems (ESS), etc., there has been a drop in sales of lithium hydroxide products across the country. This has further resulted in an overall decrease in revenue from this sector.

Key Highlights of the Report:

• India Lithium Hydroxide Market Outlook
• Market Size of India Lithium Hydroxide Market, 2024
• Forecast of India Lithium Hydroxide Market, 2031
• Historical Data and Forecast of India Lithium Hydroxide Revenues & Volume for the Period 2021-2031
• India Lithium Hydroxide Market Trend Evolution
• India Lithium Hydroxide Market Drivers and Challenges
• India Lithium Hydroxide Price Trends
• India Lithium Hydroxide Porter's Five Forces
• India Lithium Hydroxide Industry Life Cycle
• Historical Data and Forecast of India Lithium Hydroxide Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Lithium Hydroxide Market Revenues & Volume By Batteries for the Period 2021-2031
• Historical Data and Forecast of India Lithium Hydroxide Market Revenues & Volume By Lubricating Greases for the Period 2021-2031
• Historical Data and Forecast of India Lithium Hydroxide Market Revenues & Volume By Purification for the Period 2021-2031
• Historical Data and Forecast of India Lithium Hydroxide Market Revenues & Volume By Others for the Period 2021-2031
• India Lithium Hydroxide Import Export Trade Statistics
• Market Opportunity Assessment By Application
• India Lithium Hydroxide Top Companies Market Share
• India Lithium Hydroxide Competitive Benchmarking By Technical and Operational Parameters
• India Lithium Hydroxide Company Profiles
• India Lithium Hydroxide Key Strategic Recommendations